FORTITUDE CAREERS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

NICOLE DAVIS

Phone

4152750269

Tax Period

2024-01-01 to 2024-12-31

FORTITUDE CAREERS, founded in 2020, is a small nonprofit that reported $477K in total revenue in fiscal year 2024. Revenue surged 407% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 24% operating margin.

Mission

TO SERVE YOUNG ADULTS IN THEIR AMBITION TO BUILD A SUCCESSFUL CAREER IN THE CONSTRUCTION TRADES. BY HELPING THEN TO DEVELOP PRACTICAL, TECHNICAL & LIFE MASTERY SKILLS WE SERVE THE NEEDS OF THE COMMUNITY, INDUSTRY & WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $252,773

FORTITUDE CAREERS, FOUNDED IN 2020, IS A NONPROFIT WORKFORCE DEVELOPMENT PROGRAM BASED IN SAN MATEO COUNTY, CALIFORNIA. FORTITUDE PROVIDES FREE, 8- WEEK TRAINING COHORTS FOR YOUNG ADULTS AGES 18-24, COMBINING HANDS-ON CONSTRUCTION SKILLS WITH LIFE MASTERY TRAINING IN COMMUNICATION, ACCOUNTABILITY, AND FINANCIAL LITERACY. FORTITUDE CAREERS IS COMMITTED TO EQUITY AND ECONOMIC MOBILITY, EMPOWERING YOUNG PEOPLE TO BUILD CONFIDENCE, GAIN PURPOSE, AND LAUNCH SUCCESSFUL CAREERS IN THE TRADES AND BEYOND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $477,252

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $477,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,244

Fundraising Expenses $34,135

Program Expenses $252,773

Other Expenses $192,833

TOTAL EXPENSES $364,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,252	$94,172	+4.1%
Expenses	$364,077	$38,420	+8.5%
Net Income	$113,175	$55,752	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$104,953

Total Directors